Monday, December 17, 2012

[Ship Building] China new orders swell

China saw newbuilding orders sharply increased in November.

A total of 117 vessels - 12 handy bulkers, four VLCCs, six VLGCs, two PCTCs, one offshore-related vessel, seven chemical tankers, two offshore drilling platforms, etc. - were booked from Chinese shipbuilders, which massively increased by 143.8% month-on-month, according to China Water Transport.

Meanwhile, average newbuilding prices for November showed a decline. Average newbuilding prices of VLCC, suezmax tanker, aframax tanker and product carrier were $94.38m, $57.5m, $49m and $34m, which dropped by 0.7%, 0%, 0% and 0% each.

Those of capesize, panamax, handymax and handysize bulkers were decreased by 0%, 0.2%, 0% and 0.36% to $46m, $25.8m, $24.3m and $21m, respectively.